A Valuation Rate Is Shaved
By Half a Point and Presto,
$100.1 Million Goes Poof

As part of a larger revision reaching back five years, the U.S.'s largest tire maker changed the interest-rate assumptions associated with its domestic retirement plans. The upshot: By slicing half a point off a rate used to value the company's obligations to its pension fund and other post-retirement benefit plans, Goodyear also lopped off a total of $100.1 million in earnings over that period.